The IBR-2 (JINR) pulsed reactor is used in the field of solid state physics for experiments on extracted beams. It is predicted that the IBR-2 reactor will reach resource limits in 2032–2037. To keep and develop beam research at JINR, the development of a new pulsed neutron source has begun. According to estimates, the reactor will have average thermal power 12–15 MW, extracted by sodium coolant. At this power, the average flux density of thermal neutrons on the surface of the water moderator will reach 10 14 sec –1 ·cm –2 and the peak density 5·10 16 sec –1 ·cm –2 , which is more than 10 times higher than the analogous parameters of the operating IBR-2 reactor. The new reactor is supposed to use neptunium-based fuel. The main characteristics and concept of the new reactor are presented.